Helix Energy Solutions Group - HLX Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Helix Energy Solutions Group in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HLX shares.
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4 analysts have issued twelve-month price targets for Helix Energy Solutions Group's shares. Their HLX share price forecasts range from $6.00 to $8.00. On average, they expect the company's stock price to reach $7.25 in the next year. This suggests a possible upside of 66.7% from the stock's current price.
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Helix Energy Solutions Group's stock was trading at $3.12 at the start of the year. Since then, HLX stock has increased by 39.4% and is now trading at $4.35.
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Helix Energy Solutions Group saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 7,750,000 shares, a decrease of 9.7% from the August 15th total of 8,580,000 shares. Based on an average daily trading volume, of 2,310,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 5.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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Helix Energy Solutions Group, Inc. (NYSE:HLX) posted its quarterly earnings results on Monday, July, 25th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by $0.04. The oil and gas company had revenue of $162.61 million for the quarter, compared to the consensus estimate of $160.45 million. Helix Energy Solutions Group had a negative net margin of 17.62% and a negative trailing twelve-month return on equity of 7.24%. During the same quarter last year, the firm posted ($0.09) earnings per share.

Helix Energy Solutions Group issued an update on its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $725.00 million-$825.00 million, compared to the consensus revenue estimate of $671.04 million.

18 employees have rated Helix Energy Solutions Group Chief Executive Officer Owen E. Kratz on Glassdoor.com. Owen E. Kratz has an approval rating of 37% among the company's employees. This puts Owen E. Kratz in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Helix Energy Solutions Group investors own include Athersys (ATHX), Energy Transfer (ET), Advanced Micro Devices (AMD), Ford Motor (F), WPX Energy (WPX), General Electric (GE), Marathon Oil (MRO), Oasis Petroleum (OAS), Transocean (RIG) and Enterprise Products Partners (EPD).

Helix Energy Solutions Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "HLX."

Shares of HLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HLX stock can currently be purchased for approximately $4.35.

Helix Energy Solutions Group (NYSE:HLX) has a market capitalization of $660.02 million and generates $674.73 million in revenue each year. The oil and gas company earns $-61,780,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.

The company employs 1,327 workers across the globe.

Helix Energy Solutions Group's mailing address is 3505 W SAM HOUSTON PARKWAY NORTH SUITE 400, HOUSTON TX, 77043. The official website for the company is www.helixesg.com. The oil and gas company can be reached via phone at (281) 618-0400, via email at investorrelations@helixesg.com, or via fax at 281-618-0500.